The Tony Elumelu Foundation (TEF) has opened its portal for applications from African entrepreneurs across all African countries, for the 2020 cohort of the Tony Elumelu Entrepreneurship Programme.
In 2019, 3,050 African entrepreneurs benefited from the Programme, a number which will meaningfully increase in 2020.
The TEF Entrepreneurship Programme is open to startup entrepreneurs, with innovative business ideas or businesses that have been in existence for less than 3years, in any sector, from across Africa.
The programme is the $100million commitment by African investor and philanthropist, Tony O. Elumeluto seeks to empower 10,000 entrepreneurs in 10 years, with the goal of creating millions of jobs and new revenue on the continent.
The programme implements Mr Elumelu’s Africapitalism philosophy, which positions the private sector as the catalyst for African economic transformation, and an investment approach that values the creation of both social and economic wealth.
In commemoration of its 10th year anniversary, the Foundation will announce further enhancements to the programme, providing additional benefits to Africa’s rapidly growing youth demographic.
The changes in the 2020 TEF Entrepreneurship Programme emphasise a personalised entrepreneurship journey for every applicant and opening the platform to ensure a higher number of people trained, amplifying the Programme’s impact and reach.
In just five years, the Programme has empowered over 9,000 beneficiaries from all54 African countries, with training, mentorship and seed funding.
Speaking at the launch of the 2020 TEF Entrepreneurship Programme, Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation, said: “The transformation of Africa begins with empowering our young African entrepreneurs. With the recent enhancements made to our Programme and our growing list of partners, the Tony Elumelu Foundation is significantly increasing its impact across the continent.
“We encourage all startup African entrepreneurs across the 54 African countries to apply for the Programme, as we continue to empower the very best ideas that will create much-needed employment and revenue on the continent”.
The multilingual application portal is open on TEFConnect.com, the digital networking platform for African entrepreneurs, from January 1 to March 1, 2020.
Latest Stories
-
Poll results alone don’t constitute victory for any political party- Asiedu Nketia cautions NDC
23 mins -
Gyakie spills truth on her journey to fame
27 mins -
Energy sector CSOs challenge President Akufo-Addo to transparent value for money audit of SML contract
37 mins -
Plunderers of the State will face the music – Prof Jane Opoku-Agyemang promises
46 mins -
We don’t feel safe after inconsiderate conduct of Regional Minister – Ashanti ECG staff
1 hour -
Ghana needs urgent reset and inspiring leadership – Mahama
2 hours -
Asiedu Nketia cautions NDC: Don’t be complacent, election 2024 victory isn’t assured yet
3 hours -
Ongoing power crisis worst in the 4th Republic- Alhassan Suhuyini
3 hours -
Power challenges would be over in the next few days – Herbert Krapa
3 hours -
Full text: Acceptance speech by Prof Naana Opoku-Agyemang as Mahama’s running mate
3 hours -
Government’s fiscal adjustment on track – Report
3 hours -
Commercial drivers damn threats, unilaterally hike transport fares
3 hours -
Restore dignity to Vice President’s office – Fifi Kwetey to Prof Naana Opoku-Agyemang
4 hours -
Women face mounting pressures, feel unsafe at workplace – Deloitte
4 hours -
Bright Simons asks: Where is the KPMG report on SML contract audit?
4 hours